Techmeme
August 19, 2025, 8:35 PM

Top News

New York Times:
Sources: Meta considers downsizing its AI division, with some executives expected to leave, and is exploring using third-party models for its AI products  —  Meta is expected to announce a new restructuring of its artificial intelligence division amid internal tensions over the technology, people with knowledge of the plans said.
Riley Griffin / Bloomberg:
Memo: Meta restructures Superintelligence Labs; Alexandr Wang heads TBD Lab, Robert Fergus heads FAIR, Nat Friedman heads products, Aparna Ramani heads Infra  —  Meta Platforms Inc. is splitting its newly formed artificial intelligence group into four distinct teams and reassigning …
Kanishka Singh / Reuters:
US Director of National Intelligence Tulsi Gabbard says the UK has dropped its mandate requiring Apple to provide a backdoor for accessing users' encrypted data  —  Britain has dropped its demand for the iPhone maker Apple (AAPL.O) to provide a “backdoor” that would have enabled access …
Angel Au-Yeung / Wall Street Journal:
Databricks is finalizing a Series K at a $100B valuation, up 61% from its December 2024 round; sources say it is co-led by Thrive and a16z plans to participate  —  The data analytics company, fueled by the AI boom, was valued at $62 billion less than a year ago
CNBC:
US Commerce Secretary Howard Lutnick says Intel must give the government an equity stake in the company in return for CHIPS Act funds; INTC closes up 7%  —  Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds.
Reuters:
Sources: Nvidia is developing a new Blackwell-based AI chip for China, tentatively known as the B30A, that will be more powerful than its H20 model for China  —  Nvidia (NVDA.O) is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful …
Daniel Kuhn / The Block:
Wyoming launches a stablecoin, FRNT, marking the first time a US state has issued a blockchain-based, fiat-pegged token to be used by retail and enterprises  —  After years of research, the Wyoming Stable Token Commission has unveiled the mainnet launch of its first official state-backed stablecoin.
Steve Holland / Reuters:
The White House launches an official TikTok account, with the aim of communicating President Trump's policies  —  The White House launched an official TikTok account on Tuesday, taking advantage of its more than 150 million U.S. users to spread the messages of President Donald Trump.
Julie Bort / TechCrunch:
Firecrawl, which offers an open-source web crawler for developers and AI agents, raised a $14.5M Series A led by Nexus Venture Partners  —  Firecrawl's co-founder and CEO Caleb Peffer knew the exact moment he found the investor to lead his Series A.  —  He was in a coffee meeting …
Bloomberg:
DeepSeek releases V3.1, adding a longer context window, with few other details; Chinese media blames CEO Liang Wenfeng's perfectionism and bugs for R2's delay  —  DeepSeek announced what appeared to be an update to its older V3 artificial intelligence model on Tuesday, declaring an enhanced version ready for testing.
Sean Endicott / Windows Central:
Microsoft rolls out a COPILOT function in Excel for users in the Beta Channel, letting them use text prompts to categorize data, summarize feedback, and more  —  AI in Excel finally feels natural thanks to the new COPILOT function. … Or rather, more Copilot is being packed into the popular spreadsheet program.
Prakhar Srivastava / Reuters:
Tether hires Bo Hines, who stepped down as White House Crypto Council executive director earlier in August, as a strategic adviser to help it expand in the US  —  Cryptocurrency firm Tether has appointed former White House crypto policy executive Bo Hines as a strategic adviser to help steer …
Sarah Perez / TechCrunch:
Meta rolls out AI-powered voice translations for creators on Facebook and Instagram globally, supporting English-Spanish translations with lip syncing  —  Meta is rolling out an AI-powered voice translation feature to all users on Facebook and Instagram globally, the company announced on Tuesday.
Bloomberg:
Sources: Apple is making all four iPhone 17 models in India ahead of debut, a first, as it expands to five factories to cut reliance on China for US-bound units  —  Apple Inc. is expanding iPhone production in India at five factories, including a pair of recently opened plants …
Robert McMillan / Wall Street Journal:
Federal prosecutors charge an Oregon man with operating the Rapper Bot, one of the most powerful DDoS botnets ever seen, which knocked X offline earlier in 2025  —  The Rapper Bot network knocked out Elon Musk's X social-media site earlier this year, cybersecurity researchers say
Krisztian Sandor / CoinDesk:
Bullish says it has received all $1.15B in capital raised from its IPO in stablecoins, including USDC, USDG, and PYUSD, marking a first for US public markets  —  Stablecoins used in the settlement include dollar- and euro-pegged tokens of Circle, Paxos, PayPal, Ripple and Societe Generale, among others.
Molly White / Citation Needed:
A look at Justin Sun's lawsuit against Bloomberg for publishing his holdings, which he claims he provided confidentially to qualify for its Billionaires Index  —  Listen to me read this post here (not an AI-generated voice!), subscribe to the feed in your podcast app, or download the recording for later.
Jonathan Stempel / Reuters:
Google will pay $30M to settle a class action lawsuit alleging it violated kids' privacy on YouTube by collecting data without parental consent for targeted ads  —  Google (GOOGL.O) will pay $30 million to settle a lawsuit claiming it violated the privacy of children using YouTube by collecting …
Carl Franzen / VentureBeat:
Alibaba releases Qwen-Image-Edit, the image editing version of Qwen-Image, supporting modifications of Chinese and English text while preserving font and style  —  Adobe Photoshop is among the most recognizable pieces of software ever created, used by more than 90% of the world's creative professionals, according to Photutorial.

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